Barclays Increases Wingstop (NASDAQ:WING) Price Target to $418.00

Wingstop (NASDAQ:WING - Free Report) had its price target upped by Barclays from $350.00 to $418.00 in a research note published on Thursday morning, Benzinga reports. They currently have an overweight rating on the restaurant operator's stock.

A number of other brokerages have also recently weighed in on WING. Morgan Stanley boosted their price target on Wingstop from $280.00 to $315.00 and gave the stock an equal weight rating in a research report on Friday, April 12th. Stifel Nicolaus boosted their price objective on Wingstop from $270.00 to $330.00 and gave the stock a buy rating in a research report on Friday, February 16th. BMO Capital Markets boosted their price objective on Wingstop from $275.00 to $325.00 and gave the stock a market perform rating in a research report on Thursday. Wedbush boosted their price objective on Wingstop from $400.00 to $425.00 and gave the stock an outperform rating in a research report on Thursday. Finally, Sanford C. Bernstein assumed coverage on Wingstop in a research report on Wednesday, February 14th. They set an outperform rating and a $340.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Wingstop has a consensus rating of Hold and a consensus target price of $329.11.

Wingstop Trading Down 0.6 %

Shares of NASDAQ WING traded down $2.44 during mid-day trading on Thursday, reaching $381.54. The company had a trading volume of 665,636 shares, compared to its average volume of 487,169. The stock has a market cap of $11.21 billion, a PE ratio of 162.57, a P/E/G ratio of 6.61 and a beta of 1.67. The company has a 50-day moving average price of $358.55 and a two-hundred day moving average price of $285.89. Wingstop has a 1-year low of $150.08 and a 1-year high of $396.00.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.22. The business had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. Wingstop's revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. On average, research analysts expect that Wingstop will post 3.03 EPS for the current year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.23%. Wingstop's dividend payout ratio is currently 37.45%.

Insider Buying and Selling

In related news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the sale, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the sale, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Marisa Carona sold 2,586 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares in the company, valued at $612,246.16. The disclosure for this sale can be found here. Insiders have sold a total of 14,901 shares of company stock worth $5,120,605 in the last three months. Insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in Wingstop during the 1st quarter worth $29,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Wingstop in the 4th quarter valued at $28,000. GAMMA Investing LLC lifted its stake in shares of Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator's stock valued at $42,000 after purchasing an additional 40 shares during the period. FSC Wealth Advisors LLC acquired a new position in shares of Wingstop in the 4th quarter valued at $39,000. Finally, Riverview Trust Co acquired a new position in shares of Wingstop in the 1st quarter valued at $66,000.

About Wingstop

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.